PSBSolarYT
PSBSolarYT
12.04.2021 • 
Business

Payroll Taxes Hernandez Builders has a gross payroll for January amounting to $470,000. The following amounts have been withheld: Federal income taxes $59,000 Social Security 29,140 Medicare 6,815 Charitable contributions 1% of gross pay Union dues 2% of gross pay Also, the federal unemployment tax rate is 6.2%, and applies to all but $47,000 of the gross payroll.
Required:
What is the amount of net pay recorded by Hernandez?

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